How to Earn a Passive Income with Crypto

in #cryptocurrency7 years ago (edited)

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Ok I’m going to get only slightly personal with this video today.

Many of you have wondered how the heck I am able to afford traveling to cool places while at the same time having the time and energy to research and produce the videos on this channel.

First of all, budgeting is very real in my life, but I was also hungry to find a way to earn an income without having to spend my time at a job that I really wasn’t too enthusiastic about.

Trust me, I’ve had my fair share of jobs that fall into this category.

When I discovered crypto in 2014 I knew it was big, but I underestimated how directly it would change my life

I learned about Bitcoin years ago during my time spent searching for ways to maintain a successful blog.
I spent a couple years dedicated to creating great content for my blog. I did copious amounts of research on how to win with the affiliate game and proper SEO technique, but that always left me feeling like nothing more than an under appreciated tool for the companies I needed if I wanted any hope of compensation for my beloved blog.

Because I was already very familiar with Bitcoin, when I came across Steemit.com it was like the light at the end of the tunnel for me.

It was the beginning of my journey discovering how crypto and blockchain tech could be the tool that liberates bloggers.
At that point in my life I was struggling to pay my cell phone bill and then I was paid 24 hours after my first post.
There are many factors that add up to the success that I found on Steemit, and I’m not trying to convince you that it will be your end-all, be-all solution for money woes.

Don’t get me wrong, it could be, but more importantly it’s an option that allows you to earn some crypto without having to invest your money.

Steemit is great, and what it represents is a shift in how things can work, this time, for your benefit.

Now with the prices of so many cryptocurrencies rising, that old familiar feeling of FOMO might be creeping in, so let me show you how you can earn these cryptos that are rising in value.

I’ll be covering these projects in more detail in future videos but here are some ideas to get your own creativity flowing in the meantime

  • For content creators of all types there are blogging type platforms like Steemit
  • Video and music oriented platforms like LBRY, and SingularDTV
  • There’s also Brave, which enables websites to receive funding from those who frequent their sites.

And then there are the more passive type incomes you can earn by merely holding certain cryptos in the right type of wallet.
These options include (but aren't limited to):

With the decentralized internet comes the notion of decentralized storage.
There are platforms that allow you to rent out your unused disk space for payments of their coins, you can do this with: *

Lastly there are the prized masternodes, these are often times quite expensive to get since they require you to own large amounts of the certain crypto and you will need to lock these up if you want to get paid. But I’ve found a cool site that shows you how to find affordable masternodes.

Again, I will be diving much deeper into each of these categories to give you a better idea of how these platforms work and what is needed for you to get paid.

So in the meantime feel free to look into any of these options if they appeal to you.

Additional Reading/Sources:

Steemit
LBRY
SingularDTV
Brave
SmartCash
DecentBet
Ark
NEO
Storj
Sia
List of Masternodes

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Great post, I watch all you videos and read all your articles. Please keep sharing.

I am also interested in your posts just wait to see what will come from me it will surprise you

I agree this was a very good video.
If you want to get daily crypto price alerts follow me

@heiditravels hey i follow you and love your work. i notice you have a large following too. im trying to organize steemians to contact binance and get steem and the steem dollar listed. its one of the biggest exchanges in the world and would be a huge benfit to us.

could you check out my proposal? and if you like the idea possibly share it with your followers? if we can get enough people to contact them they will list it. they just recently listed bitshares which is essentially the same network as steem. so it should be easy for them.
https://steemit.com/dtube/@noly/s7wgk52e

bitshares ..........?

Yes Bitshares and Steem are both built on graphene

I wish I understand... how can I be part of this and benefit just the way steem help us do ?

great blog and I'll look into those coins

We are all the same @heiditravels, trying to make the ends meet. Steemit Space.

#nkkb
#teammalaysia Member at Steemit.
#mentormemtee with #zublizainordin and #nkkb
@OriginalWorks #originalworks
https://steemit.com/@originalworks
@t3ran13

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Great info post Heidi.

I am not sure if you do, but I wouldn't ever call blogging on steemit a passive income.. in particular because you don't get anything after the 7 days payout. Maybe my knowledge of the network is lacking but this isn't passive at all, quite the opposite.

I recently wrote an article on Crypto Currencies as a Store Of Value.

I am curious about LBRY and SingularDTV, they look great propositions for the future, not sure what you can do on them now. Have you tried LBRY ?

To all unsure people out there: A fantastic (but overlooked) cryptocurrency earning passive income is the scarce but valuable Diamond coins. DMD is a sleeping giant. It gives 25% return year on year if you stake the coin. If you get your hands on an exquisite DMD-masternode, you get an even higher return. Check my blog for some thoughts if youre interested. Best regards and thanks for grabbing people's attention and directing it towards the passive income possibilities of different cryptocurrencies. Dr DMD

how does these work: LBRY, DTV

Great post

Thank you for sharing @heiditravels, looking forward for more of your posts.

Thank you for this post. I am interested in getting into other cryptocurrencies and have often been at a loss as to where, or how, to start.

Nothing can be more informative than this blog. upvoted and follow you my dear steemian. Happy blogging and keep sharing such information which will eventually matter the most to most of us.

Sia is dead i think

You could also refer mining. Great post again.

Wonderful article, I’ve been in the same situation about having jobs that I didn’t find too pleasant. Crypto is the future and will shape the lives of thousands through means like steemit!

Just stumbling across this post today. Thoroughly enjoy the fact that you get personal and highlight how you achieved the dream. Being a remote writer is my dream so please keep the information coming! I am following along now.

Stunning backdrop for a video, is that in Nazare?

Kindly,

  • B

Your video was super helpful. I can't wait to see future videos on using some of these other resources in addition to Steemit. Thanks!

steem blockchain is good, no need to do mining. steem is using dpos (delegated proof of stake) instead of pow (proof of work) that bitcoin is using. As such there is no need to do any mining, saving electricity. The elected witnesses will have their servers run in secret locations throughout the globe. Moreover steem 's transaction spees is way faster than bitcoin. I think steem will be more acceptable to daily transactions while we do not forget about bitcoin because it cannot fall at this moment of time. Reason is there are still many people who do not know of cryptocurrencies and the only thing they hear is bitcoin is a scam. The minute that they hear bitcoin falls it would not be such a good PR for the cryptocurrency world. (This is in my opinion). So it is like to exist with the first cryptocurrency. Co-living together.

Thanks so much @heiditravels ! YOU are the reason I got into crypto in the first place. I watched your videos for a while-just trying to understand it all before I took the plunge. What you do is a great service for everyone here. :-)

WOW! How cool is that?! So happy to hear that I've helped you :) Thanks so much for telling me!

@melbookermusic she's also the reason I'm here. I'm loving contributing to Steemit, although been struggling to find the time to connect with the platform lately, but I've become and avid crypto viewer and yet to participate. I really must just follow your lead and take the leap. No point in doing all my research and reading (and trying to understand) white papers if I don't back something.

That's so cool!!! Yes @heiditravels is so awesome. Many of the bloggers in the crypto world are too technical. She makes everything understandable. Good luck to you in your blogging/crypto endeavors!
😊✌🏾

You're not gonna earn any meaningfull passive income holding some altcoins unless you have $10's thousands to invest. How you CAN earn good passive income from cryptos is by MINING them, especially bitcoin. How about $1000 a month for 12 months by buying an online mining contract for $2100? Here's an article about that: https://steemit.com/bitcoin/@jaro/there-s-a-gold-rush-going-on

Traveling Slows Time Perception in the Brain. Experience new Things. Slow Down Time....

I want to invest in bitshare, can anybody help me. thanks

I can relate. Had some success trading BTS on Bittrex before they delisted it. I now trade it here: https://www.binance.com/?ref=11178896 - that is my referral link, use it ...or don't. Smile. FYI, currently like to buy BTS under 18 cents, and sell it around 30 cents. Obviously that can change. Goodluck.

Great info. Thank you!

Do POS Coin really earn you a passive income ? I don t think so.
Yeah you get X % of the coins you hold added to your Account , but because everyone who is holding the Coin get s X % the total circulation will grow by X % too. So your share of the market cap does stay the same. So you you get more coins , but the value of each coin does go down. Like any other crypto , the profit does come from a increase in Market cap.

I would recommend you to have a look at TenX Pay token , because they could give a real passive income , because they pay a share of the companys profit as Ethereum to the Tokenholders.

so cool that you posted about SMARTS. thanks.

@heiditravels, you got me with the title :D You know that my dream is to have enough passive income to just educate people to many different things (Crypto is a thing, but others subjet are ok too :D I just love to teach... I set up an NGO when I was 20 to teach things :D!) and travel.

But as I don't like to sell stuff, I can't earn passive income.... (because I dont't want to sell things)...... BUT yes : CRYPTO !!!!!! I don't have to sell anything :D

Many THANKS will watch the video now, in my bed (it's 4 AM here) and probably watch it again :D

At the DecentBet Link, you have an error. ;-)

the error being that it is a Ponzi scam.

Awesome job young lady, I agree about working what I basically like to call "footjobs", because they require one to leave they're comfortible establishment to go tp an annoying, unfulfilling piece sh-t job to barely make ends meet.

THAT'S SIMPLY NO WAY TO HAVE TO MAKE A LIVING!

People have to love what they do, and how they spend their time, here on steemit.com, these needs and wants can be met for that very purpose.

Alright, keep up the excellent work.

You have my full attention @heiditravels, looking forward to this series!

It is just the intro and I'm already taking notes. Was not familiar or didn't know you can earn with LBRY, SingularDTV, Ark, NEO, Storj, and Sia. I was aware of Substratum for the cloud storage but not about the last two.

The timing for you doing this vid couldn't be better for me because I've spent the last 48 hours exactly doing this: researching for ways to secure some passive income. I've not been concretely successful learning about CPU mining, Masternodes, and airdrops coming out of BTC forks, but I've achieved one positive​ thing yesterday: I've managed to get my hands back on 710,000 Satoshi​ left stuck in an old phone that I previously thought were unattainable​!

Hi @heiditravels, thank you for this post, though I've been on steemit for about 6 months, I neither made any breakthrough attracting readers to my posts nor been making any revenues of it :( any kind advice/posts/videos are much appreciated.

i have read your articles and your videos. it so great. keep it up

I totally agree with how crypto will change the way people live. We will be earning financial benefits by utilizing technology. It could submerge the public in technology more, but it could be the liberating thing we need! Thanks for the post.

I managed to go on 4 trips partially thanks to Patreon aid, but people can't be paying forever for your luxuries. I began trying out crypto this month and see if something good comes out of it.

Very good read this.

Only just come across your stuff so will certainly be following from now on. I'm new into blogging after finally starting my passion for this. I'm still learning the way and how to be successful so all your tips and experience would be appreciated.

please Check Out My Blog Here, it would
Mean a lot

Started following you religiously! Thanks for your unbiased approach to finding true gems! Happy travels!

Thank you for sharing @heiditravels, looking forward for more of your posts. @tuhin201

You've been so helpful to so many of us and continue to be. I totally think it's awesome that you have the ability to travel. You've been wise and proactive and deserve to enjoy the fruit of your labor. Enjoy every moment @heiditravels :)

Your words here make me smile big time! :D thank you @denisechips. It's very rewarding for me to help others in this way while at the same time continually educating myself. Totally a win win win situation happening right now and I'm enjoying every minute of it! Thanks again, gratitude is now overflowing :)

Great stuff very helpful, please keep the quality posts coming.

hi @heiditravels
god evening, how are you?

god job

Excellent advice my friend @heiditravels, thanks for share!!!

Very nice post.thanks for sharing us excellent post.resteem it

Great post, thank you.

Thank you.. I have only recently been into crypto , and your videos has helped me alot.. I have also subscribed your channel in youtube.

Pretty cool, thanks :)

Thanks for the info. Would love to hear more about Masternodes.

You are looking smart,I watched your video.

Great topic! So are you self-sustaining on crypto or do you also have a day-job?

I have excused myself from that rat race :)

Outstanding! The rest of us are jealous. (so we will be living vicariously through you...)

Preach @heiditravels 😊 I have been self employed since '93 and my next step is to get my business on systems to run itself so I can be like you travel & earn 😊✌🏾

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